Chinese CBDC to Curtail Alibaba and Tencent`s ePayment Dominance
(WorldNews China)

China`s forthcoming Central Bank Digital Currency (CBDC) continues to make headlines almost every day. While many have started to speculate on how the asset will work and its technical details, a new report is postulating that the government could also use it to clamp down on the private sector. Creating a Level Playing Field for Banks The Financial Times reported that the Chinese government is looking to use its new asset to reduce the chokehold that the Alibaba Group and Tencent have on its digital...